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Tuesday, July 22, 2014
Are you ready to Auction? Collectibles, antiques, storage warsPosted Monday, April 9, 2012, at 7:54 AM
Shelbyville's version of Storage Wars by EWP
I have to be careful not to do an outright advertisement for folks, but most auctions of any importance are advertised in the Times-Gazette so everyone is getting their due.
While I should be HOLDING an auction, I still watch the listings carefully since Deb & I never know when we'll find just the thing we need,.....well...want.
Something I have been following closely are these reality shows about storage auctions and a few weeks ago I went to my first one here in Bedford County. Except for the TV personalities and cameras, it was just like you see. This may differ at some auctions, since it is apparently not a procedure set by law.
The lock is cut off, you have a limited amount of time to look at what is inside from OUTSIDE and then take your best shot. The talk in the crowd before the auction can be enlightening, so if you go, spend a little extra time to socialize and most importantly, listen.
In general, the consensus is that prices are higher resulting from the popularity of the TV shows, but they are still there hoping for the discovery of something great under that canvas or plastic.
That is not just hype, there were several storage units that had "something" under big sheets of plastic or tarps and I wonder what people would have paid for X-ray vision.
One of the things I liked about this is that I could browse the other auctions early, identify those with promise, go to the storage auctions, (they move quickly) and be back at the other auctions before too much tome has passed.
Units ranged from $100 to $500 +- and there is another sale coming up this Saturday, but since I have not seen an ad for it yet, I will have to refrain from giving details.
Maybe I will see you there, but remember to bring a replacement lock for any units you buy and be prepared to get your "stuff" moved out with 24-48 hours. You might be able to re-rent the unit, but those details need to be worked out ahead of time.
If you go to the other auctions, go prepared to get comfortable and enjoy the event. There is usually food available and chairs but you might want to bring your own lawn chair, hat and clothes appropriate for the weather.
A personal note: Please don't smoke under the tent or where smoke will blow into the crowd. Some folks are really sensitive to this and it ruins their experience. Auctioneers used to ask for this courtesy to be observed, but I have not heard it in several years.
If you see your prize but don't have time to wait for them to bring it up, ask the auctioneer if they can move it up for you. Unless there is a specific reason they cannot, they will usually try to accommodate.
Be sure to listen to the terms of the auction or find out before you bid. Some auctions charge a buyer's premium on top of the price you bid. Usually 10%, but if you bid right up to your cash limit, you won't want to find out at the check-out table.
There are other tips for bidding or getting the best prices, so anyone can chime in, if they want to share those secrets. :-)
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Steve Mills and his wife have one daughter and live on a farm outside of Bell Buckle. They previously owned two coffee/ice cream shops, currently operate an internet sales company and teach classes, but his primary job involves the paper industry worldwide. Hobbies and interests lie in gardening, photography, recorded music and of course, their pets.
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